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|Report ofthe Trustees||I|to|6|
|Report ofthe Independent
Auditors||7|to|10|
|Statentent ofFinaucial
Activities|||||
|Balance Sheet|||12||
|Cash Flow Statement|||||
|Notes to the Cash Flow Statement|||14||
|Notes to the Financial Statements||15|to|27|
|Detailed Statemeut ofFinancial|Activities|28|to|29|
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|||STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|---|
||INCORPORATING||AN INCOME AND EXPENDITURE ACCOUNT|||||
|||for the
ear ended 31stMarch 2021||||||
|||||||2021|2020|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|funds|fund|funds|funds|
|||Notes|f.|||||
|INCOME AND||||||||
|ENDOWMENTS|FROM|||||||
|Donations
and legacies|||18,526|||18,526|21,407|
|Charitable
activities
Provision ofcare|||1,720,726|||1,720,726|1,782,415|
|Other trading
activities
Investment
income|||27,869
287,225|||27,869
287,225|20,018
392,416|
|Other income|||146,607|||146 607||
|Total|||2,200,953|||2,200,953|2,216,256|
|EXPENDITURE|ON|||||||
|Raising funds||7|67,610|||67,610|66,022|
|Charitable
activities||||||||
|Provision ofcare|||873,659|||873,659|824,649|
|Catering services
Household
services|||298,629
301,362|||298,629
301,362|294,058
290,188|
|Property
88 equipment
maintenance|||172,522|||172,522|204,506|
|Vehicle running
costs
Support costs
Other expenditure|||30,009
298,475
135,156|||30,009
298,475
135,156|28,640
292,843
130,526|
|Total|||2,177,422|||2,177,422|2,131,432|
|Net gains/(losses)|on investments||1 689 110|||1 689,11tl|~21,3483|
|NET INCOME|||1,712,641|||1,712,641|63,476|
|RECONCILIATION||OF||||||
|FUNDS||||||||
|Total funds brought||fomvard|15,317,403||24,100|15,341,503|15,278,027|
|TOTAL FUNDS
FORWARD|CARRIED||17 03tl.044||24100|17,054144|15.341503|
##
##
||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|FIXEDASSETS||||Notes||||||E|
|Tangible assets
Investments||||15|||||5 087637|5 086424|
|Investments
Investment
property||||16
17|||||8,141,583
3 635 000|6,496,428
3 635 000|
||||||||||16,864,220|15,217,852|
|CURRENT ASSETS|||||||||||
|Debtors
Cash at bank and in hand||||18|||||87,557
195502|98,055
95 946|
||||||||||283,059|194,001|
|CREDITORS|||||||||||
|Amounts
falling due within|one year|||19|||||(93,135)|(70,350)|
|NET CURRENT ASSETS|||||||||139924|123,651|
|TOTAL ASSETSLESSCURRENT|||||||||||
|LIABILITIES|||||||||||
||||||||||17,054,144|15,341,503|
|NET ASSETS|||||||||17 D54 144|15341503|
|FUNDS||||22|||||||
|Unrestricted
funds
Endowment
funds|||||||||17,030,044
24 IDD|15,317403
24 100|
|TOTAL FUNDS|||||||||17054 144|15 341503|
|13 0 „;Itt t,
and were signed on its behalf|pp
by:|dDytD|0|d IB|t|d|tD|' dt'|i",,~7)+/~.:7-,||
##
##
||CASH FLOW STATEMENT|CASH FLOW STATEMENT||
|---|---|---|---|
||for the|ear ended 31st March 2021||
|||2021|2020|
||Notes|||
|Cash flows from operating
activities
Cash generated
from operations||~107,536)|~324 959)|
|Net cash used in operating
activities||~107536)|~324959)|
|Cash flows from investing
activities
Purchase oftangible fixed assets
Purchase offixed asset investments
Sale oftangible fixed assets
Sale offixed asset investments
Investment
cash movements
Interest received
Dividends
and rental income received||(125,238)
(1,5 89,014)
],150
1,412,481
220,488
70
287,155|(315,259)
(709,521)
809,970
(55,219)
401
392,015|
|Net cash provided
by investing
activities||~207 092|~122387|
|Change
in cash and cash equivalents
reporting
period|in the|99,556|(202,572)|
|Cash and cash equivalents
at the beginning
ofthe reporting
period||~95 946|~298 518|
|Cash and cash equivalents
at the end
reporting
period|ofthe|195,502|95,946|
##
##
|ACTIVITIES|||||
|---|---|---|---|---|
||||2021|2020|
|Net income for the reporting
Activities)|period (as per the Statement|ofFinancial|1,712,641|63,476|
|Adjustments
for:
Depreciation
charges
(Gain)/losses
on investments|||122,875
(1,689, 110)|115,930
21,348|
|Interest received|||(70)|(401)|
|Dividends
and rental income received|||(287,155)|(392,015)|
|Decrease in debtors|||10,498|4,012|
|Increase/(decrease)
in creditota|||~22 785|~137309)|
|Net cash used in operations|||~107 536)|~324959)|
|ANALYSIS OF CHANGES IN NKT FUNDS||||
|---|---|---|---|
||At 1.4.20|Cash flow|At 31.3.21|
||f,|||
|Net cash||||
|Cash at bank and in hand|95 946|~99 556|~195502|
||95 946|99,556|195502|
|Total|95,946|~99 556|195,502|
##
##
##
##
##
##
|Depreciation
is provided
a|t the following
ann|ual
rates in order to v rit|ual
rates in order to v rit|e off each asset over its estimat|
|---|---|---|---|---|
|Freehold
property
Improvements
to property|from 2010|4% on cost
Straight
line over||40 years and Straight line over|
|||10years|||
|Care home assets||33%on|cost||
|Motor vehicles||20%on|reducing|balance|
##
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##
##
##
##
##
##
##
##
|DONATIONS
AND|LEGACIES|||
|---|---|---|---|
|||2021|2020|
|Public donations||2,937|3,655|
|Legacies||500|310|
|Rail staff &company|donations|15,089|17442|
|||18,526|21,407|
##
||NOTES TO|NOTES TO|THE FINANCIAL STATEMENTS - continued|THE FINANCIAL STATEMENTS - continued|THE FINANCIAL STATEMENTS - continued||
|---|---|---|---|---|---|---|
||||for the|ear ended 31stMarch 2021|||
|3.|OTHER TRADING|ACTIVITIES|||2021|2020|
||||||f,||
||Foxes income||||27,869|20,018|
|4.|INVESTMENT INCOME||||2021|2020|
||Investment
income||||136,581|184,922|
||Income from flats k,|other rentals|||150,574|207,093|
||Bank interest receivable||||70|401|
||||||287,225|~392416|
|5.|INCOME FROM CHARITABLE ACTIVITIES||||2021|2020|
||Charges to residents
Staff accommodation|charges|Activity
Provision
Provision|ofcare
ofcare|1,698,519
22,207|1,760,626
21,789|
||||||~1,720 726|~1,782415|
|6.|OTHER INCOME||||2021|2020|
||||||g|f,|
||Government
grants
CJRS grants||||125,009
~21 598||
||||||146,607||
##
##
|7.|RAISING FUNDS|||||
|---|---|---|---|---|---|
||Other trading
activities|||2021|2020|
||Staffcosts|||6,615|6,235|
||Property
expenses|||15,040|14,557|
|||||21,655|20 792|
||Investment
management||costs|||
|||||2021|2020|
||Portfolio management|||~45 955|45,230|
||Aggregate
amounts|||67,610|~66 022|
|8.|CHARITABLE ACTIVITIES COSTS|||||
||Direct costs (note 8)|||2021|2020|
||Provision ofcare|||873,660|824,649|
||Catering services
Household
services|||298,629
301,361|294,058
290,188|
||Property & equipment
Vehicle &driver costs|maintenance||172,522
30,008|204,506
28,640|
||Support costs
Other expenditure|||306,475
126 741
2 109396|292,843
130526
2 065410|
##
##
##
##
|DIRECT COSTS OF C|HARITABLE ACTIVITIES|||
|---|---|---|---|
|||2021|2020|
|Care||||
|Care staff costs||797,821|682,021|
|Agency care staff||75 839
873 660|142 628
824 649|
|Catering
Contract costs||291,043|289,691|
|Sale offood||(1,343)|(4,273)|
|Miscellaneous||8929|8 640|
|||298 629|294 058|
|Household
services||||
|Laundry
and household
Laundry
expenses
Household
and medical
Light and heat
Insurances|staff costs
expenses|117,092
19,759
64,183
63,813
13,849|113,093
17,495
49,961
70,604
16,529|
|Rates and water||22 665|22 506|
|||301 361|290 188|
|Maintenance||||
|General premises
maintenance
Maintenance
ofpremises
—staff costs
Furniture
repair and replacement||114,380
45,997
12 144
172521|134,111
44,919
25 476
204 506|
|Vehicle &driver costs||||
|Driver staff costs||24,694|20,955|
|Vehicle expenses||5 315
30009|7685
28 640|
|Support costs
Staffcosts||223,903|206,732|
|Office expenses
Sundry
expenditure
Advertising
Professional
and accountancy||27,678
9,487
11,808
25 599
298 475|38,318
12,402
7,913
27478
292 843|
|Other expenditure
Care Quality
Commission
TV rental and licences
Stafftraining
Depreciation||8,979
704
2,598
114460
126 741|7,229
8]8
6,549
115930
130526|
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
|Auditors'|remuneration||9,000|8,800|
|Auditors'|remuneration|- non audit|16,000|15,700|
|Depreciation
- owned||assets|114,460|115,930|
|Gain on|disposal of fixed asset||||
##
##
##
|STAFFCOSTS|||
|---|---|---|
||2021|2020|
|Wages and salaries
Social security costs
Other pension costs|1,083,199
81,092
51,831|958,062
66,836
49,057|
||~1,216 122|1,073,955|
|The average|monthly
number ofemployees
during the ye|ar was as follows:||
|---|---|---|---|
|||2021|2020|
|Care
Household
Maintenance|and taundty|39
9
2|29
10
2|
|Driver||I|1|
|Support
and administration
Foxes||7
I|7
I|
|||59|50|
##
##
##
||The number ofemploye|es
whose em|ployee
benef|its (excluding
emp|loyer
pension cos|ts) exceeded f|60,000was:|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||660,001 - 670,000|||||I||
|14.|COMPARATIVES FOR THE STATEMENT|||OF FINANCIAL|ACTIVITIES|||
|||||Unrestricted|Restricted|Endowment|Total|
|||||funds|funds|fund|funds|
||INCOME AND ENDOWMENTS||FROM|||||
||Donations
and legacies|||21,407|||21,407|
||Charitable
activities|||||||
||Provision ofcare|||1,782,415|||1,782,415|
||Other trading
activities
Investment
income|||20,018
392,416|||20,018
392416|
||Total|||2,216,256|||2,216,256|
||EXPENDITURE ON|||||||
||Raising funds|||66,022|||66,022|
||Charitable
activities|||||||
||Provision ofcare|||824,649|||824,649|
||Catering services|||294,058|||294,058|
||Household
services|||290,188|||290,188|
||Property &equipment
Vehicle running
costs|maintenance||204,506
28,640|||204,506
28,640|
||Support costs
Other expenditure|||292,843
130,526|||292,843
130,526|
||Total|||2,131,432|||2,131,432|
||Net gains/(losses)
on investments|||~21,3483|||~21,3483|
||NET INCOME|||63,476|||63,476|
||RECONCILIATION|OF FUNDS||||||
||Total funds brought|fomvard||15,253,927||24,100|15,278,027|
||TOTALTIIND8CARRIRDTORWARD|||15317403||24 100|15341 503|
##
##
##
|TANGIBLE FIXEDASSE|TS|||||
|---|---|---|---|---|---|
|||Improvements||||
|||to||||
||Freehold|property|Care home|Motor||
||property|from 2010|assets|vehicles|Totals|
|COST||||||
|At 1stApril 2020
Additions
Disposals|3,217,187|3,647,488
]22,717|278,574
2,521
~1150)|53,446|7,196,695
125,238
~1,150)|
|At 31st March 2021|3,217,187|3,770,205|279,945|53,446|7,320,783|
|DEPRECIATION||||||
|At 1st April 2020
Charge for year
Eliminated
on disposal|1,097,011
4,808|716,670
102,667|265,833
11,244
~380)|30,757
4,536|2,110,271
123,255
~380)|
|At 31st March 2021|~II 0I 819|819,337|276,697|~35 293|~2,233 146|
|NET BOOK VALUE||||||
|At 31stMarch 2021|2,115,368|~2,950 868|3,248|18,153|~5087,637|
|At 31st March 2020|~2, 120 176|2,930,818|12,741|22,689|~5086,424|
##
|FIXEDASSET INVESTMENTS||||
|---|---|---|---|
||Listed|Investment||
||investments|cash|Totals|
|MARKET VALUE||||
|At 1stApril 2020
Additions|6,165,914
1,589,014|330,514|6,496,428
1,589,014|
|Disposals
Revaluations
Net cash movements|(1,246,773)
1,522, 144|~219230)|(1,246,773)
1,522, 144
~219230)|
|At 31stMarch 2021|8,030,299|~III 284|8,141,583|
|NET BOOK VALUE
At 31st March 2021|8,030,299|~III 284|~8,141583|
|At 31stMarch 2020|~6 165,914|330,514|6 496,428|
##
##
##
|||Market value|Book cost|
|---|---|---|---|
|Investments|in the UK|4,576,931|4,043,313|
|Investments|outside the UK|3,453,368|2 115,239|
|||8.030 299|6 358 552|
##
||Listed|Investment||
|---|---|---|---|
||investments|cash|Totals|
||8|8||
|Valuation
in 0|~8030 299|~111284|8 141,583|
|INVESTMKNT PROPERTY||||
|FAIR VALUE||||
|At 1stApril 2020
and 31stMarch 2021|||~3635,000|
|NET BOOK VALUE||||
|At 31stMarch 2021|||3 635 000|
|At 31st March 2020|||3 635,000|
##
##
##
##
##
|||2021|2020|
|---|---|---|---|
|Trade debtors||65,972|59,226|
|Other debtors||4,958|3,627|
|Prepayments
and accrued income||~16627|35 202|
|||87,557|98,055|
|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|2021|2020|
|Trade creditors||25,063|25,904|
|Social security
and other taxes
Other creditors
Accrued expenses||19,476
11,847
~36 749|5,788
38658|
|||93,135|70,350|
##
|Minimum
lease payments
under non-cancellable
operating|leases fall due as follows:||
|---|---|---|
||2021|2020|
|Within one year
Between one and five years|10,400|24,207
6736|
||~10 400|30,943|
##
|ANALYSIS OF N|ET ASSETSBETWEFN|FUNDS||||
|---|---|---|---|---|---|
|||||2021|2020|
||Unrestricted|Restricted|Endowment|Total|Total|
||funds|funds|fund|funds|funds|
|||||f,||
|Fixed assets
Investments|5,087,637
11,752,483||24,100|5,087,637
11,776,583|5,086,424
10,131,428|
|Current
assets
Cun ent liabilities|283,059
~93,)35)|||283,059
~93.)35)|194,001
~70,350)|
||17030,044||24,100|17054,144|\5
'.141,503|
##
##
##
|MOVEMEN|T|IN FUNDS|||||||
|---|---|---|---|---|---|---|---|---|
||||||||Net||
||||||||movement|At|
|||||||At 1.4.20|in funds|31.3.21|
|Unrestricted||funds|||||||
|General
I'und||||||15,305,264|1,712,641|17,017,905|
|Designated|Fund Southern||Goodwill|||12 139||12 139|
|||||||15,317,403|1,712,641|17,030,044|
|Endowment||funds|||||||
|Endowment|Fund|||||24,100||24,100|
|TOTAL FUNDS||||||15341503|1712641|17054144|
|Net movement||in funds, included|||in the above are as follows:||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
|||||||f.|||
|Unrestricted||funds|||||||
|General
fund|||||2,200,953|i2,177,422)|1,689,110|1,712,641|
|TOTAL FUNDS|||||~2200 953|~2, 177,422)|I 689,110|1,712 641|
|Comparatives||for movement||in|funds||||
||||||||Net||
||||||||movement|At|
|||||||At 1.4.19|in funds|31.3.20|
||||||||f,||
|Unrestricted||funds|||||||
|General fund||||||15,241,788|63,476|15,305,264|
|Designated|Fund Southern||Goodwill|||12 139||12,139|
|||||||15,253,927|63,476|15,317,403|
|Endowment||funds|||||||
|Endowment|Fund|||||24,100||24,100|
|TOTAL FUNDS||||||15278,027|63 476|15341,503|
##
##
##
|||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|
|||||resources|expended|losses|in funds|
|||||||f.|6|
|Unrestricted||funds||||||
|General|fund|||2,216,256|(2, 131,432)|(21,348)|63,476|
|TOTAL|FUNDS|||~22 I6 256|~2131,432)|~21,348)|63 476|
|A current|year 12 months||and prior year 12months|combined|position is as follows:|||
|||||||Net||
|||||||movement|At|
||||||At 1.4.19|in funds|31.3.21|
|Unrestricted||funds||||||
|General|fund||||15,241,788|1,776,117|17,017,905|
|Designated||Fund Southern|Goodwill||12,139||12 139|
||||||15,253,927|1,776,117|17,030,044|
|Endowment||funds||||||
|Endowment||Fund|||24,100||24,100|
|TOTAL|FUNDS||||15275027|1775117|17054144|
|A current
follows:|yea|r 12 months
and prior|year 12 months
combined
ne|t movement
in fu|nds, included
in|the above are|
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in Iitnds|
|||||||6|
|Unrestricted||funds|||||
|General|fund||4,417,209|(4,308,854)|1,667,762|1,776, 117|
|TOTAL|FUNDS||~4417,209|~4,308 854)|~1667762|~1776,117|
##
##
##
##
##
||for the
ear ended 3|1stMarch 2021||
|---|---|---|---|
|||2021|2020|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Public donations||2,937|3,655|
|Legacies||500|310|
|Rail staff & company|donations|15,089|17,442|
|||18,526|21,407|
|Other trading
activities||||
|Foxes income||27,869|20,018|
|Iuvestment
income||||
|Investment
income||136,581|184,922|
|Income fiom flats &.|other rentals|150,574|207,093|
|Bank interest receivable||70|401|
|||287,225|392,416|
|Charitable
activities||||
|Charges to residents
Staff accommodation|charges|1,698,519
~22 207|1,760,626
~21 789|
|||1,720,726|1,782,415|
|Other income||||
|Government
grants||125,009||
|CJRS grants||21 598||
|||146,607||
|Total iucoming
resources||2,200,953|2,216,256|
|EXPENDITURE||||
|Other trading
activities||||
|Wages
Social security||5,751
455|5,502
398|
|Pensions
Property
expenses||409
~15 040|335
14557|
|||21,655|20,792|
##
##
|||for the
ear ended 31stM|arch 2021||
|---|---|---|---|---|
||||2021|2020|
|Other trading
activities|||||
|Investment
management||costs|||
|Portfolio management|||45,955|45,230|
|Charitable
activities|||||
|Wages|||1,077,448|952,560|
|Social security|||80,637|66,438|
|Pensions|||51,422|48,722|
|Rates and water|||22,665|22,506|
|Insurance|||13,849|16,529|
|Light and heat|||63,813|70,604|
|Telephone|||7,541|13,495|
|Printing,
post &stationery|||6,113|6,291|
|Advertising|||11,808|7,913|
|Sundries|||9,487|12,402|
|Agency care staff|||75,839|142,628|
|Laundry
expenses|||19,759|17,495|
|Household
&medical|expenses||64,183|49,961|
|Catering contract & other||kitchen expenses|298,629|294,058|
|Motoring
expenses|||5,315|7,685|
|Propeity &equipment|maintenance||128,405|152,643|
|Furniture
repairs &renewals|||12,144|25,476|
|Regulatory
costs &licences|||9,683|8,047|
|Stafftraining|||2,598|6,549|
|Professional
and accountancy|||16,599|18,678|
|Freehold
property
depreciation|||4,802|5,005|
|Improvements
to property|||102,670|91,187|
|Plant and machinery|||10,867|14,068|
|Motor vehicles|||4536|5,670|
||||2,100,812|2,056,610|
|Support costs|||||
|Governance
costs|||||
|Auditors'
remuneration|||9,000|8 800|
|Total resources expended|||2,177,422|2,131,432|
|Net income before gains||and losses|23,531|84,824|
|Realised
recognised|gains and losses||||
|Realised gains/(losses)|on|fixed asset investments|~165708|~654615|
|Net income|||189,239|~739 439|